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GSVR.V ·

Guanajuato Silver Announces Officer Resignation

Corporate Updates

NEWS RELEASE

Guanajuato Silver Announces Officer Resignation

July 7, 2026 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “ Company” or “ GSilver”)

(TSXV:GSVR) (OTCQX:GSVRF) reports the resignation of Richard Silas, VP Corporate Development and Corporate

Secretary. Mr. Silas will remain a valued member of the Board of Directors while curtailing his day-to-day activities

to attend to a personal matter . The Company is pleased to announce that Mr. Silas ’ duties will be principally

handled by Susana Del Rio, who has been newly appointed VP of Administration and Corporate Secretary. Ms. Del

Rio currently heads Guanajuato Silver’s legal and compliance team. She is a graduate of the Monterrey Institute

of Technology and has held several managerial positions of progressively greater responsibility within the

Company over the past six years.

About Guanajuato Silver

Guanajuato Silver is a precious metals producer with a portfolio of producing silver and gold mines in central

Mexico. The Company has a core operational footprint of four operating silver -gold assets in the state of

Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold,

lead, and zinc concentrates from the Topia mine in northwestern Durango.

For more information on Guanajuato Silver, please visit our website at www.gsilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"James Anderson"

Chairman and CEO

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433

E: [email protected]

GSilver.com

Guanajuato Silver Bullion Store

Please visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.